Retirement plan

THE HADDAD ORGANIZATION, LTD. 401(K) PROFIT SHARING PLAN

Name: THE HADDAD ORGANIZATION, LTD. - THE HADDAD ORGANIZATION, LTD. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: THE HADDAD ORGANIZATION, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HADDAD ORGANIZATION, LTD. 401(K) PROFIT SHARING PLAN, THE HADDAD ORGANIZATION, LTD.

THE HADDAD ORGANIZATION, LTD.EIN 13-2856820Plan #002PY 2021

131 DOCKS CORNER - DAYTON, NJ 08810201-356-2000LinkedIn201-500 employeescomputer software

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$43.1M

+13.9% from 2020

Total participants

550

-6.5% from 2020

Average account balance

$78,428

+21.7% from 2020

Annual return

15.17%

-0.51 pp from 2020

Benchmarks

See 1,276 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,276 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$58.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$61K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

957

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.35%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$172

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRIVATE ADVISOR GROUP LLC6 years Filed as: PRIVATE ADVISOR GROUP Service code 99 · EIN 27-3463733	Other Fees	$113,474
E.R.I.S.A., INC.3 years Filed as: E.R.I.S.A., INC Service code 99 · EIN 36-3180571	Other Fees	$0
FRIEDMAN & ANSPACH3 years Filed as: FRIEDMAN LLP Service code 99 · EIN 13-1610809	Other Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$206K

$765 / participant

Contract admin$185K89.7%
Other / not subdivided$21K10.3%

% of EOY assets

0.477%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRIEDMAN LLP
Auditor EIN: 131610809
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,428

$86,225-9.0%

$146,643-46.5%

$86,821-9.7%

Participation rate

100.0%

78.0%+22.0pp

80.1%+19.9pp

72.3%+27.7pp

Annual return

15.17%

31.23%-16.1pp

22.75%-7.6pp

97.94%-82.8pp

Employer contribution / active EE

$3,864

$2,392+61.5%

$4,137-6.6%

$2,406+60.6%

Participant deferral / active EE

$5,755

$4,245+35.6%

$5,506+4.5%

$4,132+39.3%

Admin fee / account holder

$374

$195+91.6%

$10,280-96.4%

$170+120.7%

Provider

Service type

Compensation

PRIVATE ADVISOR GROUP LLC6 years

Filed as: PRIVATE ADVISOR GROUP

Service code 99 · EIN 27-3463733

Other Fees

$113,474

E.R.I.S.A., INC.3 years

Filed as: E.R.I.S.A., INC

Service code 99 · EIN 36-3180571

Other Fees

FRIEDMAN & ANSPACH3 years

Filed as: FRIEDMAN LLP

Service code 99 · EIN 13-1610809

Other Fees

THE HADDAD ORGANIZATION, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HADDAD ORGANIZATION, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion